Implicit auctioning on the Kontek Cable: Third time lucky?

Abstract

The Robert Schuman Centre for Advanced Studies (RSCAS), directed by Stefano Bartolini since September 2006, is home to a large post-doctoral programme. Created in 1992, it aims to develop inter-disciplinary and comparative research and to promote work on the major issues facing the process of integration and European society.The Centre hosts major research programmes and projects, and a range of working groups and ad hoc initiatives. The research agenda is organised around a set of core themes and is continuously evolving, reflecting the changing agenda of European integration and the expanding membership of the European Union.

Hardware and software paths toward further integration of European power systems

“…• implicit allocation, under the form of market coupling, which can prove to be more efficient than explicit allocation, as shown by the Kontek cable example [12], • flow-based methods, which can model more accurately network constraints than current methods, resulting in a better use of capacities [13], • coordinated neighboring balancing mechanisms, which can reduce balancing costs for TSOs [14], [15].…”

Auction-Based Allocation of Shared Electricity Storage Resources Through Physical Storage Rights

“…This decoupling of the ownership of storage resources with its physical operation has similar characteristics to the treatment of transmission capacity, as both have the ability to move power, the former in time while the latter in space. In European electricity markets cross-border transmission capacity is auctioned explicitly or implicitly [16,17]. The former indicates that market players can obtain the right to use interconnector capacity, after which they can use these capacities to capture price differences in neighboring markets.…”

European Electricity Market Integration With Mixed Market Designs—Part I: Formulation

“…For example, in [12] a market simulator was developed in order to evaluate the Iberian Electricity Market prices and the interconnection capacity between Portugal and Spain. Papers [13], [14], and [15] deal with the interconnection between Germany and West/East Denmark, and an analysis of the auction prices at the cross-border auction between these two countries is presented. Finally, relevant issues to the integration of the Italian with other European electricity markets are thoroughly presented in [16], while the authors urge for further empirical studies in order to quantify the expected costs and benefits of any integration and estimate the advantages and disadvantages of any necessary changes in market design.…”